FNGO vs. FNGD ETF Comparison

Comparison of MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO) to BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes (FNGD)

FNGO

MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038

FNGO Description

The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$82.98

Average Daily Volume

20,262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGD

BMO REX MicroSectors FANG Index -3X Inverse Leveraged Exchange Traded Notes

FNGD Description

The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$16.53

Average Daily Volume

2,014,677

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNGO	FNGD
30 Days	7.35%	-12.42%
60 Days	15.23%	-22.35%
90 Days	21.93%	-31.41%
12 Months	97.97%	-75.38%

7 Overlapping Holdings

Symbol	Grade	Weight in FNGO	Weight in FNGD	Overlap
AAPL	C	9.93%	9.39%	9.39%
AMZN	B	9.87%	9.35%	9.35%
GOOGL	B	9.83%	8.74%	8.74%
META	C	10.02%	12.53%	10.02%
MSFT	D	9.7%	8.84%	8.84%
NFLX	A	9.75%	9.65%	9.65%
NVDA	A	9.83%	10.66%	9.83%

FNGO Overweight 3 Positions Relative to FNGD

Symbol	Grade	Weight
CRWD	B	10.78%
AVGO	D	10.17%
NOW	B	10.11%

FNGO Underweight 3 Positions Relative to FNGD

Symbol	Grade	Weight
TSLA	B	-11.71%
AMD	F	-10.03%
SNOW	C	-9.1%